The Central Government has extended the due date of the amnesty schemes for the non-filers of the GSTR-4, GSTR-9 and GSTR-10. The 50th Meeting of the GST Council took place in New Delhi on July 11, 2023. During the meeting, a suggestion was made to prolong the amnesty scheme, which had previously ended on June 30, 2023, until August 31, 2023.
NOTIFICATION 22/2023 CENTRAL TAX
The notification was published on 17th July 2023 extending the due date of the amnesty scheme for the non-filers of GSTR-4. The due date is 31st August 2023. The notification has been released in pursuance with the Section 128 of the Central Goods and Services Tax Act, 2017. The Section 128 facilities to waive the penalty or fee or both.
GSTR-4: Form GSTR-4 (Annual Return) is a yearly return that needs to be submitted once for each financial year by taxpayers who have chosen the composition scheme or were in the composition scheme at any point during the said financial year, starting from April 1, 2019 onwards.
These taxpayers are obligated to provide information about the summary of outward supplies, inward supplies, import of services, and supplies that attract reverse charge in this particular form.
NOTIFICATION 23/2023 CENTRAL TAX
The deadline for extending the time limit to apply for the revocation of registration cancellation has been extended until August 31, 2023. The notification was published on 17th July 2023 and deemed to have come into force with effect from the 30th day of June, 2023.
NOTIFICATION 24/2023 CENTRAL TAX
This notification has extended the due Date for the Amnesty scheme for deemed withdrawal of assessment orders issued under Section 62 till August 31, 2023. The Section 62 of CGST Act states about the assessment under GST.
The notification was published on 17th July 2023 and deemed to have come into force with effect from the 30th day of June, 2023.
NOTIFICATION 25/2023 CENTRAL TAX
The notification was published on 17th July 2023 extending the due date of the amnesty scheme for the non-filers of GSTR-9. The due date is 31st August 2023. The notification has been released in pursuance with the Section 128 of the CGST Act, 2017. The Section 128 facilities to waive the penalty or fee or both.
GSTR-9: Form GSTR-9 is a yearly return that needs to be submitted once for each financial year by registered taxpayers who are regular taxpayers, which includes SEZ units and SEZ developers. In this return, taxpayers are obligated to provide details of their purchases, sales, input tax credit or refund claimed, and any demand created, among other relevant information.
NOTIFICATION 26/2023 CENTRAL TAX
The notification was published on 17th July 2023 extending the due date of the amnesty scheme for the non-filers of GSTR-10. The due date is 31st August 2023. The notification has been released in pursuance with the Section 128 of the CGST Act, 2017. The Section 128 facilities to waive the penalty or fee or both.
GSTR-10: When the GST registration of a taxable individual is cancelled or voluntarily surrendered, they are required to submit a return known as the Final Return in Form GSTR-10.
This return serves as a statement of the stocks held by the taxpayer on the day immediately preceding the effective date of cancellation. It is necessary to file this return within three months from the date of cancellation or the date of the cancellation order, whichever comes later.
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